CHICAGO, November 26, 2019 /3BL Media/ - Northern Trust Asset Management, consistent with its long-standing commitment to ensuring diversity and inclusion within the investment industry, has selected eleven minority-owned broker-dealers for its Minority Broker Program. Started in 2007, the program consists of firms owned by minorities, women, and disabled veterans.
Each firm was selected for one or more asset classes, based on quantitative and qualitative selection criteria including execution capabilities, technology platforms and performance. The selected firms include:
Northern Trust offers investment capabilities with sustainable objectives in equity, fixed income and real assets. The approach and objective of a sustainable investing strategy is multi-dimensional, and may apply differently to different asset classes. While sustainability factors may be broad in nature, we focus on certain key issues and approaches in our Core Aspects investment framework.
Recognizing the self-fulfilling prophecy that develops when lower-level minority employees don't see minority representation in the executive ranks, Mr. Thomas said more effort needs to be made across the industry.
"We've been very intentional at Northern Trust," he said. "We not only have to have diverse slates of candidates, but we also require diverse slates of people interviewing candidates."
Community engagement opportunities, paid time of for volunteerism and our matching gift programs provide a competitive advantage in employee recruiting and satisfaction. Employee volunteerism is consistently a priority for college graduates considering future employers. Non-proft and civic board involvement is integral to talent management, as it provides employees with leadership, skills development and networking opportunities beyond the scope of their responsibilities.
Learn how endowments, faced with increasing pressure from students, can get started on the path to holistic sustainable investing.
by Emily Lawrence, director of sustainable investing for the institutional client group, and Sharee Zlatkova, investment associate for sustainable investing for the institutional client group
University endowments are starting to take sustainable investing seriously, not only because students are urging them to but also because we think it’s proving to be good investment practice. For endowments looking to get started — or to expand upon their sustainable practices — here are three ideas to consider.
You know what you’re going to get with Northern Trust. The US financial services group, which includes among other things an asset manager and custody bank, has built a reputation over the past 130 years, including 50 years in London, as an ultra-solid, ultra-reliable entity. While the bulging custody banks seem locked in a race for scale that has seen some of them accumulate in recent years upwards of an eye-watering $30 trillion of assets, Northern Trust has enjoyed more modest growth.
The Diversity Project aims to accelerate progress towards an inclusive culture in the investment industry. An inclusive culture supports more effective teamwork, gives wider perspectives, better investment decisions, better results for our clients and ultimately more sustainable businesses. The Project spans the whole range of the profession: asset owners, fund managers, fund selectors, pension consultants, actuaries, trustees, wealth managers and professional standards and trade bodies. It is overseen by a CEO Advisory Council that provides strategic input and business leadership.
For many, the infinite ways that these three elements intersect — from where we live to the items we purchase to how we interact with one another — either goes largely unnoticed or, if one does stop to consider the sum effects of such dynamics, seems almost too complex to take on. But these are exactly the sort of questions that Chicago artist Amanda Williams has been asking — and answering — her entire life.